17-01-2024 11:34 AM | Source: Tradebulls Securities Ltd
Gold is witnessing some profit booking at the start of the new year - Tradebulls Securities
Gold
Gold is witnessing some profit booking at the start of the new year. We have seen selling pressure so sell on rise near 62600 for tgt of 62000 and stoploss of 62850
Crude Oil
Crude Oil has recovered from the lows due to escalation in Red Sea. Buy on dips near 6020 for tgt of 6175 and stoploss of 5955.
Base Metal Update
Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals. Nickel continues to outperform while Aluminum continues to underperform.
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